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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
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In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.
Following is a glossary of stock market terms. All or none or AON: in investment banking or securities transactions, "an order to buy or sell a stock that must be executed in its entirely, or not executed at all". [1] Ask price or Ask: the lowest price a seller of a stock is willing to accept for a share of that given stock. [2]
The editors claimed more than 600,000 entries, more than any other dictionary at that time, but that number included many proper names and newly added lists of undefined "combination words". Multiple definitions of words are listed in chronological order, with the oldest, and often obsolete, usages listed first.
Sales broker, seller agency, seller agent, seller representative: This is a traditional role where the salesman represents a person or company on the selling end of a deal. Sales managers aim to implement various sales strategies and management techniques in order to facilitate improved profits and increased sales volume.
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Examples include the extension of word meanings via metaphor, [106] the evolution of measurement terms like "foot" from concrete to abstract meanings, [107] and the identification of systematic patterns in word blends (e.g., "brunch" from a blend of "breakfast" and "lunch").